RECOMMENDATIONS

ASSIGNMENT
CASE: MATHEW & ESME
Their Goals List

• Primary Goals – their primary goal is to ensure they can fund

Tyler’s post – secondary education costs at an annual cost of
$10,000 (Hartl, et al., 2018).

• Secondary Goals – their goal is to retire with an annual after tax

income of $75,000 during the time when Esme turns 60 years old
(Hartl, et al., 2018).
The Following Monthly Expenses
7000

6000

5000

4000

Series1
3000

2000

1000

0
utilities insurance food expenses transportation communications entertainment travel expenses
Cash Flow Statement

• Mathew may earn more money then

this as compare to Esme (Meyers, et
al., 2019)

• Esme have the power to handle the

better decision (Meyers, et al., 2019).

• Their total net incomes and the

profits is on their goals.
Mathew and Esme Budget process

• They have to handle all the expenses

of the family.

• After calculation they have to make

another plan.

• Complete the budget process.

• Handle the finance situation in the

house.
Net Worth Details of As March
Net Worth Cash Details of Mathew and Esme

• They have to make sure to Net Cash flow budget

create the budget and the
amount of the money which is
require for their child
education.
• They have to make the
sepreate account for their
daughters studies
development $705.
 Recomendations
THEY HAVE TO MAKE PROPER BUDGET PROCESS AND FOR THESE STEPS
Procedures of Recommendations

• They have to reduce the amount of the expenses as they have

been living in the rent house of $2,700

• Also, they have to sell one of the car which is worth $5,000.

• They have to make their account joint with the pays of the 0.5%.

• They have to investment out of their savings.

Expenses reduce level

• Control the expenses on the little and unuseful things.

• They have to invest their left amount arround $32,100.

• Do the adjustment of the Esme pensions.

• They have to caculate the exact amount of the Esme pension.

• Control the monthly expenses.

Compare year and month expenses

CHART DIFFERENCE

Total Expenses • There are the changes in the year

and the monthly expenses
• They have to control monthly
38%
monthly expenses
expenses to avoid the other types
year exoenses
of the risk in the budget maintian
63% • Also, they have to handle the
budget with contain all the
important amount.
Level of the expenses
level of the expenses
0.8

0.7

0.6

0.5
total expnese

0.4

0.3

0.2

0.1

0
1 2
Expenses details review
• They have to give importance to their
daughters education fees and the cost of
the other services (Tiamaz, & Nissrine
2016).
• Esme have to make the estimation value
amount of the pension (Tiamaz, & Nissrine
2016).
• Mathew should consider to work full time.
Mathew and Esme improvement

He has to do full time job

(Chugunov, 2016).

As he has the options and still

paying for the same amount of

the monthly daycares

(Chugunov, 2016).

She has to make sure to save

more and more pension amount.

Esme improvement

• She has to make the things possible while continuing working.

• They have to implement the budget plan and then follow it and
also, attempt the different income resources (Ruscic, et al., 2017).

• Esme have to handle the pension amount budget (Mirgorodskaya,

et al., 2017).
 Cash Flow Statement evolution
MATHEW AND ESME HAVE TO DO THE CHANGES IN THEIR FAMILY BUDGET
Evolution

• They have take the insurance and the policy for their daughters educations.

• Mathew has to do the full time job compare to part time to earn more money
and his other work will remain pert times (Elmendorf, 2017).

• Esme is the software technical has to save her salaries for the future
investment (Moshkova, 2022).

• Mathew has to reduce the day care monthly charges.

References
• Ruscic, K. J., Grabitz, S. D., Rudolph, M. I., & Eikermann, M. (2017). Prevention of respiratory complications of the
surgical patient: actionable plan for continued process improvement. Current opinion in anaesthesiology, 30(3), 399.

• Tiamaz, Y., & Nissrine, S. O. U. I. S. S. I. (2016, October). Meta-analysis of Lean case studies for the business
process improvement. In 2016 4th IEEE International Colloquium on Information Science and Technology (CiSt) (pp.
175-181). IEEE.

• Hartl, S., Rice, A. N., Gupta, D. K., & Goode, V. (2018). Preprocedural checklist for magnetic resonance imaging
patients undergoing general anesthesia: a process improvement plan to enhance reimbursement. The health care
manager, 37(3), 205-210.

• Meyers, C. V., & VanGronigen, B. A. (2019). A lack of authentic school improvement plan development: Evidence of
principal satisficing behavior. Journal of Educational Administration.
• Chugunov, I., & Makogon, V. (2016). Budget policy under economic transformation. Економічний
часопис-ХХІ, (158), 66-70.

• Mirgorodskaya, E. O., Andreeva, L. Y., Sugarova, I. V., & Sichev, R. A. (2017). Balanced budget
system: organizational and financial tools.

• Elmendorf, D. W., & Sheiner, L. M. (2017). Federal budget policy with an aging population and
persistently low interest rates. Journal of Economic Perspectives, 31(3), 175-94.

• Moshkova, D. M., & Tkachenko, R. V. (2022, March). Improving the Funding of Megascience
Projects under Current Budget Policy of Russia. In Journal of Physics: Conference Series (Vol. 2210,
No. 1, p. 012015). IOP Publishing.